Thesis

In past few decades, Web 1.0 & Web 2.0 has drastically reduced the latency and cost at which people & institutions could trade value, information & collaborate with globally located counterparties they didn’t necessarily know, via trusted third parties.

With Web 3.0, distributed machines and users are able to interact with data, value and other counterparties via peer-to-peer networks without the need for third parties. This ultimately creates an uncorrupted privacy centric computing fabric for the next wave of the web.

In late 2008, a few months after the Global Financial Crisis hit the world, a white paper written by someone or a group by the name Satoshi Nakamoto was distributed to numerous software developer and cryptography mailing lists titled “Bitcoin - peer-to-peer electronic cash system”. The aim was to create a digital currency that could operate without any connection to a bank or central government, and to build a more transparent financial system. The advent of Bitcoin, Ethereum and other cryptocurrencies has led to the creation and operation of new global, decentralised networks that have been used by millions of people and institutions across the world to transfer trillions of dollars of value.

It is a leap forward to open, trustless and permissionless networks where consumers own their own data and their own money without relying on a third party. Blockchain networks and Cryptocurrency projects open up access to financial services applications for users around the world.

TeraSurge aims to support these open source Web 3.0 innovations and also provide product and technology assistance, support with business growth, and access to a network of experts and partners to maximize scale and growth.